Hong Kong’s benchmark stock index fell on Monday, snapping a 14-day winning streak, dragged down by a retreat in property shares and index heavyweight Tencent Holdings.
At close of trade, the Hang Seng index was down 73.67 points or 0.23 percent at 31,338.87. The Hang Seng China Enterprises index rose 0.01 percent to 12,470.42. The sub-index of the Hang Seng tracking energy shares dipped 1.7 percent while the IT sector dipped 2.22 percent, the financial sector was 0.44 percent higher and property sector dipped 1.26 percent.
Tencent dropped 2 percent. The top gainer on Hang Seng was Sands China Ltd up 6 percent, while the biggest loser was Country Garden Holdings Company Ltd which was down 5.46 percent.
China’s main Shanghai Composite index closed down 0.55 percent at 3,409.9907 points while its blue-chip CSI300 index ended flat.